Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Receives Consensus Recommendation of “Buy” from Analysts

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

A number of brokerages recently weighed in on MUFG. Erste Group Bank started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG opened at $20.24 on Thursday. Mitsubishi UFJ Financial Group has a 12 month low of $13.19 and a 12 month high of $21.17. The company has a market capitalization of $240.18 billion, a P/E ratio of 14.35, a PEG ratio of 0.81 and a beta of 0.40. The company’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $18.12.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. On average, analysts anticipate that Mitsubishi UFJ Financial Group will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MUFG. Tudor Investment Corp ET AL boosted its position in Mitsubishi UFJ Financial Group by 834.1% during the third quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock valued at $8,514,000 after purchasing an additional 476,941 shares during the last quarter. Natixis Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Mitsubishi UFJ Financial Group by 180.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after purchasing an additional 1,390,497 shares in the last quarter. XY Capital Ltd purchased a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth about $1,751,000. Finally, Bamco Inc. NY lifted its holdings in shares of Mitsubishi UFJ Financial Group by 25.5% during the 3rd quarter. Bamco Inc. NY now owns 451,826 shares of the company’s stock valued at $7,202,000 after buying an additional 91,817 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.